UK’s Richest Worth More Now Than in 2008 April 29, 2012

The BBC reports the news that the Sunday Times rich list of the 1,000 richest people in the UK reveals that they are worth more now than their predecessors in 2008. Their wealth has climbed 4.7% over the past year, and now stands at £414bn. I wonder how much tax they pay.

Remember, we’re all in this together. And trickle down economics works.

This clearly shows that even in a time of austerity (made necessary by excessive government spending on social programs) individuals who increase work effort can enjoy increased rewards equal to their enhanced marginal productivity,-just as scientific, academic economics predicts.
Unions clamoring for more should take note.

” the book shows that there are powerful, common, global forces behind the rise of inequalities worldwide.

Those forces are largely financial. And since the US is the seat of financial power, we have much responsibility for what happened during the great run-up of inequalities worldwide, especially from 1980 to 2000. Controlling those forces is therefore a first step.

Enda can stick a meter on my trickle down spout. Feck all comin outa it these days.

On a more serious note, I’m sick and tired of yeese havin a go at them old poor billionaires and their political pals. I mean, what more do you want them to do for yeese? They’ve destroyed millions of good paying, productive jobs; made sure the labour markets are saturated; and literally stole 100s of billions of people’s pension money.

They did this outa of the kindness of their hearts so that yeese all would become laterday entreypenwhores. They create incentives and all yeese do is grouse. Where’s you’re fecking animal spirits?